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MARKETABLE SECURITIES:
 6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
MARKETABLE SECURITIES

NOTE 3 – MARKETABLE SECURITIES:

 

The following table sets forth the Company’s marketable securities for the indicated periods:
 
   
December 31,
    
June 30,
  
   
2021
    
2022
  
Level 2 securities:
      
U.S government and agency bonds
    
275
      
1,174
  
Other foreign government bonds
    
-
      
1,507
  
Corporate bonds*
    
1,434
      
7,165
  
Total
    
1,709
      
9,846
  
 

* Investments in Corporate bonds rated A or higher.

 

The Company’s debt securities are classified within Level 2 because it uses quoted market prices or alternative pricing sources and models utilizing market observable inputs to determine their fair value.

 

The table below sets forth a summary of the changes in the fair value of the Company’s marketable securities for the indicated periods:
 
   
Marketable securities
  
   
For the year ended
    
For the Six Months
  
   
December 31, 2021
    
ended June 30, 2022
  
             
Balance at beginning of the period
  
$
21,652
    
$
1,709
  
Additions
    
6,716
      
10,006
  
Sale or maturity
    
(26,784
)
    
(1,734
)
Changes in fair value during the period
    
125
      
(135
)
Balance at end of the period
  
$
1,709
     $
9,846
  

 

As of June 30, 2022, the Company’s debt securities had the following maturity dates:
 
   
Market value
  
   
June 30,
  
   
2022
  
Due within one year
    
9,041
  
Between 1-2 years
    
805
  

 

The carrying amount of the cash and cash equivalents, bank deposits, restricted cash, restricted long term deposits, receivables from collaborative arrangements, accrued expenses and other liabilities approximates their fair value.